HomeMarket NewsJim Cramer Says 'This Is The Man Who Is Taking AI To...

Jim Cramer Says 'This Is The Man Who Is Taking AI To The Next Level' — No, It's Not Sam Altman, Elon Musk Or Mark Zuckerberg

Actionable Trade Ideas

always free

Revolutionizing AI: The Unlikely Leader in the Tech Race

An Unconventional Leader

Jim Cramer, the charismatic voice behind CNBC’s “Mad Money,” recently diverted attention away from tech luminaries like Sam Altman, Elon Musk, and Mark Zuckerberg to praise Michael Dell, the CEO of Dell Technologies, Inc. for his groundbreaking work in artificial intelligence following the remarkable fourth-quarter performance of the company.

The Endorsement

Cramer’s admiration for Dell was evident as he lauded the CEO’s role in the AI landscape. Sharing a tweet from Michael Dell in 2021 reflecting on the company’s growth, Cramer exclaimed, “This is the man who is taking AI to the next level!”

Impressive Results

Jeff Clarke, the COO of Dell Technologies, noted, “Our strong AI-optimized server momentum continues, with orders increasing nearly 40% sequentially and backlog nearly doubling, exiting our fiscal year at $2.9 billion,” indicating the company’s robust AI server demand.

Financial Triumph

Dell’s fourth-quarter results have captivated the market. The company surpassed expectations by posting earnings of $2.20 per share, beating the analyst consensus by 27.17%. Quarterly sales of $22.3 billion exceeded estimates, with servers and networking revenue hitting $4.9 billion, driven by a surge in AI-optimized servers.

Continued Ascent

Following the Q4 results, Dell’s stock continued its ascent, closing at $124.59, up 31.62% on Friday. Cramer’s statements bolstered the positive outlook, with Dell’s collaboration with Subaru Corporation in enhancing driver safety through AI and high-performance storage contributing to the company’s recent success.

Concluding Thoughts

Dell Technologies’ unexpected rise as a frontrunner in the AI race showcases the industry’s dynamic nature, with seasoned players like Michael Dell steering innovation. As the tech landscape evolves, Dell’s strategic focus on AI is positioning the company as a formidable force to be reckoned with.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.